Whistleblowers reap millions in US mortgage suits

Bibby, one of the Georgia mortgage brokers, said it was difficult not knowing if the government would take up their case and watching the fraud continue.

A spokesman for JPMorgan declined to comment. In the mortgage settlement documents filed this week, the bank said it did not admit liability. Bibby and Donnelly are continuing to press their case against the other lenders, including Bank of America, Citigroup and Wells Fargo.

Bibby, who is 46 and married with three children, and Donnelly, who is 56 and married, said they don’t have plans for their portion of the settlement. They will have to pay taxes and attorney fees out of the $11.7 million sum.

U.S. Financial Services at one time had about 50 employees, but is now basically out of business. They are not sure what they will do next.

“I think we’re kind of dead in this industry, to say the least,” Bibby added.